Kercheville Advisors, LLC

Registered adviser

CIK

1890748

Location

San Antonio, TX

Portfolio Value

Small $359,383,482

Diversification

Diversified

Filing Date

Global Rank

#4,973 / 8,818 ▼ 240 · as of Jun 2026

Top Industry

Semiconductors 15.5%

Period ended 28 days ago

Filed Oct 19, 2026 · 9d

24 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 169471

Roster of Oct 1, 2026

Regulatory AUM

$554,733,810

Main clients

Individuals and high net worth (92% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$554,733,810	Individuals and high net worth (92%)
Mar 2025 to Mar 2026	$465,734,390	Individuals and high net worth (81%)
Mar 2024 to Feb 2025	$394,563,099	Individuals and high net worth (74%)
May 2023 to Feb 2024	$347,707,384	Individuals and high net worth (75%)
Mar 2023 to Apr 2023	$347,707,384	Individuals and high net worth (75%)
Feb 2022 to Feb 2023	$390,879,192	Individuals and high net worth (56%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Fixed income / rates, Multi-asset, Wealth management / planning Form ADV Part 2A, Jun 26, 2026 · original

In the firm's words

Fundamental active: We do internal, fundamental research on Companies in our investment universe.
Fixed income / rates: Non-equity investments are usually made through ETFs, Open- and Closed-End Mutual Funds, and Individual Bonds.
Multi-asset: We make asset allocation and investment policy decisions
Wealth management / planning: We work with you to devise an investment strategy that suits your financial objectives.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 49.0%, 29.3 effective positions, active share 55.1% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

28.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.4 quarters (12+)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 55.1%; sector active share 20.2% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

119 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

7.6%

−1.1 pts

Top 5

32.0%

−0.5 pts

Top 10

48.4%

−0.6 pts

HHI

335

Diversified−7

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	31.5%	$113,055,777	28
Communication Services	11.9%	$42,870,556	7
Energy	10.9%	$39,273,160	11
Consumer Cyclical	9.6%	$34,555,012	5
Industrials	9.2%	$32,967,154	14
Unclassified	7.8%	$27,985,709	13
Basic Materials	5.3%	$19,148,849	7
Consumer Defensive	5.1%	$18,240,299	4
Financial Services	4.4%	$15,856,593	22
Healthcare	4.2%	$15,173,756	7
Utilities	0.1%	$256,617	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPCX	Space Exploration Technologies Corp	+14,120	23,010	$3,471,288
BE	Bloom Energy Corp	+12,947	31,712	$8,783,589
BX	Blackstone Inc.	+10,350	37,810	$4,238,122
TEI	Templeton Emerging Markets Income Fund	+9,958	74,597	$458,771
AGI	Alamos Gold Inc	+9,120	75,545	$2,446,902
WES	Western Midstream Partners, LP	+7,600	29,600	$1,313,352
CRWD	CrowdStrike Holdings, Inc.	+5,504	5,864	$1,552,494
AVAV	AeroVironment Inc	+5,375	7,150	$1,016,873
SBUX	Starbucks Corp	+3,838	45,706	$4,294,535
NVDA	Nvidia Corp	+3,678	114,765	$26,210,030
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	+3,509	28,304	$4,462,974
MSFT	Microsoft Corp	+2,825	15,119	$7,754,535
META	Meta Platforms, Inc.	+2,744	16,378	$11,876,998
AMLP	Alerian MLP ETF	+2,525	10,675	$553,712
PLTR	Palantir Technologies Inc.	+2,379	18,789	$3,514,482
DELL	Dell Technologies Inc.	+2,250	18,800	$10,113,460
MU	Micron Technology Inc	+2,146	8,144	$8,674,255
MRK	Merck & Co., Inc.	+2,000	6,003	$872,295
AKAM	Akamai Technologies Inc	+2,000	10,200	$1,084,770
IQI	Invesco Quality Municipal Income Trust	+2,000	21,000	$181,020
SOFI	SoFi Technologies, Inc.	+1,699	13,989	$219,907
SNDK	Sandisk Corp	+1,475	1,965	$3,418,883
SUN	Sunoco LP	+1,001	160,087	$11,665,539
SHOP	Shopify Inc.	+870	7,000	$1,038,100
WDC	Western Digital Corp	+800	1,600	$727,136
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBRX	ImmunityBio, Inc.	−31,300	613,385	$5,790,354
NEA	Nuveen AMT-Free Quality Municipal Income Fund	−17,902	119,232	$1,186,358
WMT	Walmart Inc.	−17,035	45,364	$4,714,226
NFLX	Netflix Inc	−16,780	41,006	$2,853,197
CELH	Celsius Holdings, Inc.	−14,200	92,130	$2,519,755
PYLD		−13,900	43,130	$1,095,070
CCJ	Cameco Corp	−9,850	31,852	$2,760,612
EPD	Enterprise Products Partners L.P.	−6,450	96,470	$3,435,296
UBER	Uber Technologies, Inc	−6,431	27,030	$1,851,825
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−4,000	5,600	$220,864
GLW	Corning Inc	−3,895	3,160	$485,881
MPLX	Mplx LP	−3,383	134,274	$7,562,311
GDX	VanEck Gold Miners ETF	−3,246	100,530	$8,826,534
NAD	Nuveen Quality Municipal Income Fund	−2,940	89,422	$904,950
CAT	Caterpillar Inc	−2,340	2,850	$2,310,751
TYG	Tortoise Energy Infrastructure Corp	−1,874	29,685	$1,136,638
PANW	Palo Alto Networks Inc	−1,700	1,500	$595,965
AEM	Agnico Eagle Mines Ltd	−1,602	80,275	$14,711,999
INTC	Intel Corp	−1,601	33,780	$4,061,369
GDXJ	VanEck Junior Gold Miners ETF	−850	63,471	$7,232,520
UTG	Reaves Utility Income Fund	−840	48,513	$1,666,421
AAPL	Apple Inc.	−668	69,008	$22,981,044
BA	Boeing Co	−630	2,284	$424,938
AMD	Advanced Micro Devices Inc	−555	16,545	$10,121,569
GOOGL	Alphabet Inc.	−550	25,402	$8,740,320
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	58,864	$9,580,116
EWS	iShares MSCI Singapore ETF	49,600	$1,649,696
CRM	Salesforce, Inc.	6,400	$1,469,248
HSHP	Himalaya Shipping Ltd.	69,250	$1,202,872
SSRM	Ssr Mining Inc.	16,900	$563,108
JNJ	Johnson & Johnson	2,028	$536,892
NET	Cloudflare, Inc.	1,510	$524,392
LITE	Lumentum Holdings Inc.	500	$485,630
GNRC	Generac Holdings Inc.	2,050	$424,247
SPHR	Sphere Entertainment Co.	2,500	$336,100
ANET	Arista Networks, Inc.	1,500	$305,385
ERO	Ero Copper Corp.	8,000	$293,520
IBIT	iShares Bitcoin Trust ETF	5,900	$279,306
MRNA	Moderna, Inc.	1,350	$259,969
SNOW	Snowflake Inc.	720	$244,483
PSX	Phillips 66	929	$237,182
AYA	Aya Gold & Silver Inc.	8,000	$215,200
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
IWM	iShares Russell 2000 ETF	4,360	$1,309,962
PSNL	Personalis, Inc.	93,800	$1,256,920
UEC	Uranium Energy Corp	45,600	$486,096
RCL	Royal Caribbean Cruises Ltd	717	$227,669
FCX	Freeport-Mcmoran Inc	3,532	$222,127
AMAT	Applied Materials Inc	280	$202,440
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

119 tracked positions · $359,383,482 total · filing declares 119 positions · $361,386,802 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 119 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	114,765	+3,678	$26,210,030	+17.9%	7.29%
AAPL	Apple Inc. Technology	Reduced	69,008	-668	$22,981,044	+14.0%	6.39%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	90,721	-342	$22,603,137	+4.1%	6.29%
GOOG	Alphabet Inc. Communication Services	Added	53,991	+209	$18,396,893	−3.2%	5.12%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	80,275	-1,602	$14,711,999	+15.8%	4.09%
META	Meta Platforms, Inc. Communication Services	Added	16,378	+2,744	$11,876,998	+54.7%	3.30%
SUN	Sunoco LP Energy	Added	160,087	+1,001	$11,665,539	+8.6%	3.25%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	11,771	-400	$10,715,612	−5.9%	2.98%
AMD	Advanced Micro Devices Inc Technology	Reduced	16,545	-555	$10,121,569	+1.9%	2.82%
DELL	Dell Technologies Inc. Technology	Added	18,800	+2,250	$10,113,460	+41.6%	2.81%
XOM	ExxonMobil Holdings Corp Energy	NEW	58,864	NEW	$9,580,116	NEW	2.67%
GDX	VanEck Gold Miners ETF	Reduced	100,530	-3,246	$8,826,534	+12.7%	2.46%
BE	Bloom Energy Corp Industrials	Added	31,712	+12,947	$8,783,589	+54.6%	2.44%
GOOGL	Alphabet Inc. Communication Services	Reduced	25,402	-550	$8,740,320	−5.8%	2.43%
MU	Micron Technology Inc Technology	Added	8,144	+2,146	$8,674,255	+25.3%	2.41%
GEV	GE Vernova Inc. Industrials	Added	8,175	+45	$7,770,255	−18.6%	2.16%
MSFT	Microsoft Corp Technology	Added	15,119	+2,825	$7,754,535	+69.1%	2.16%
MPLX	Mplx LP Energy	Reduced	134,274	-3,383	$7,562,311	−2.5%	2.10%
GDXJ	VanEck Junior Gold Miners ETF	Reduced	63,471	-850	$7,232,520	+14.4%	2.01%
LLY	ELI LILLY & Co Healthcare	Added	6,157	+156	$7,124,141	−1.0%	1.98%
IBRX	ImmunityBio, Inc. Healthcare	Reduced	613,385	-31,300	$5,790,354	+2.6%	1.61%
TSLA	Tesla, Inc. Consumer Cyclical	Added	16,024	+129	$5,685,475	−15.0%	1.58%
WMT	Walmart Inc. Consumer Defensive	Reduced	45,364	-17,035	$4,714,226	−33.3%	1.31%
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	Added	28,304	+3,509	$4,462,974	+13.7%	1.24%
SBUX	Starbucks Corp Consumer Cyclical	Added	45,706	+3,838	$4,294,535	+0.4%	1.19%
BX	Blackstone Inc. Financial Services	Added	37,810	+10,350	$4,238,122	+31.2%	1.18%
INTC	Intel Corp Technology	Reduced	33,780	-1,601	$4,061,369	−17.8%	1.13%
LUV	Southwest Airlines Co Industrials	Reduced	89,623	-251	$3,731,901	−19.2%	1.04%
PLTR	Palantir Technologies Inc. Technology	Added	18,789	+2,379	$3,514,482	+83.6%	0.98%
SPCX	Space Exploration Technologies Corp Industrials	Added	23,010	+14,120	$3,471,288	+128.5%	0.97%
EPD	Enterprise Products Partners L.P. Energy	Reduced	96,470	-6,450	$3,435,296	−9.2%	0.96%
SNDK	Sandisk Corp Technology	Added	1,965	+1,475	$3,418,883	+206.9%	0.95%
NFLX	Netflix Inc Communication Services	Reduced	41,006	-16,780	$2,853,197	−30.8%	0.79%
CCJ	Cameco Corp Energy	Reduced	31,852	-9,850	$2,760,612	−35.0%	0.77%
GLD	Spdr Gold Trust	Reduced	6,869	-275	$2,615,989	−0.6%	0.73%
CELH	Celsius Holdings, Inc. Consumer Defensive	Reduced	92,130	-14,200	$2,519,755	−19.1%	0.70%
AGI	Alamos Gold Inc Basic Materials	Added	75,545	+9,120	$2,446,902	+21.4%	0.68%
CAT	Caterpillar Inc Industrials	Reduced	2,850	-2,340	$2,310,751	−58.2%	0.64%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	4,102	-54	$2,042,590	−1.8%	0.57%
UBER	Uber Technologies, Inc Technology	Reduced	27,030	-6,431	$1,851,825	−23.3%	0.52%
CVX	Chevron Corp Energy	Added	8,556	+75	$1,747,220	+24.3%	0.49%
UTG	Reaves Utility Income Fund Financial Services	Reduced	48,513	-840	$1,666,421	−17.1%	0.46%
EWS	iShares MSCI Singapore ETF	NEW	49,600	NEW	$1,649,696	NEW	0.46%
DE	Deere & Co Industrials	Added	2,427	+167	$1,629,851	+13.7%	0.45%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	5,864	+5,504	$1,552,494	+465.1%	0.43%
CRM	Salesforce, Inc. Technology	NEW	6,400	NEW	$1,469,248	NEW	0.41%
MRVL	Marvell Technology, Inc. Technology	Added	5,279	+265	$1,394,764	−6.6%	0.39%
CSCO	Cisco Systems, Inc. Technology	Reduced	12,774	-41	$1,374,865	−8.7%	0.38%
WES	Western Midstream Partners, LP Energy	Added	29,600	+7,600	$1,313,352	+36.4%	0.37%
HSHP	Himalaya Shipping Ltd. Industrials	NEW	69,250	NEW	$1,202,872	NEW	0.33%

Showing the top 50 of 119 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.